Mortgages discussions and local services.
runner10
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RE: Taking the plunge with adjustable rate mortgages - worth it?
That’s been my experience too. When we bought our first house, we went with a 5/1 ARM because we knew we’d outgrow it before the rate could adjust. Saved a chunk on payments those first few years. I will say, though, lif...
RE: How Mortgage Loans for Seniors Work at Every Age
I swear, the first time I saw a “courier fee” on my closing docs, I thought they were sending my paperwork by carrier pigeon or something. I pushed back and got a vague answer about “industry standards.” Some lenders are...
RE: Student debt and mortgages: Did you know this weird connection?
Honestly, I get where you’re coming from, but I actually had a lender explain the 1% rule to me in detail - apparently, it’s not always just them being lazy. Sometimes their hands are tied by Fannie Mae or Freddie Mac gu...
RE: Physicians are missing out on major tax savings with the wrong mortgage
Had a similar situation when we bought our place a few years back. The lender pitched us on a “doctor loan” with no PMI, but the rate was noticeably higher than the standard 30-year. We almost went for it because, honest...
RE: Choosing Between National and Local Debt Service Coverage Ratio Options
Man, I hear you on the compromise thing. When I bought my last place, I started with a big-name lender because their rates looked great on paper. But the hoops they wanted me to jump through - especially since I had some...
RE: Is It Worth Refinancing Just to Lower Monthly Stress?
I’ve been down this road before, and honestly, the peace of mind from a lower payment can be huge - especially when things get tight. But I made the mistake once of not really thinking about the long game. Years later, I...
RE: Why does getting a mortgage feel like applying for a secret agent job?
That line made me laugh - because it’s so true. When we bought our place last year, I swear the lender wanted proof I hadn’t joined the circus in 2015 or something. I started keeping everything in a giant folder on my co...